Crypto News

The crypto working group aims to make the US the world crypto capital under Trump’s leadership If implemented, the working group would prohibit the issuance and circulation of a US CBDC The working group is also expected to explore the potential of a national crypto stockpile President Donald Trump signed an executive order on Thursday establishing a crypto working group designed to boost the advancement of crypto in the US. Signing the order on TV, Trump appeared with his AI and crypto czar David Sacks who spoke about the order to the president. Sacks, who will be leading the working group, said: “we’re going to be forming an internal working group to make America the world capital under your leadership.” If introduced, the working group will include the US Treasury secretary, attorney general, chairs of the SEC and Commodity Futures Trading Commission (CFTC), along with other agency heads. Part of the signed order reads: “The digital asset industry plays a crucial role in...

ai16Z price is under immense bearish pressure and it must hold above $0.8 for any bullish hopes. iDEGEN, currently in its fourth presale stage, is seeing a 10% increase with each presale stage. 11 iDEGEN presale stages remain, with a scheduled exchange listing on February 27. Amidst a burgeoning interest in AI-driven tokens, two crypto AI projects, ai16Z and iDEGEN, are capturing the spotlight in the cryptocurrency ecosystem. Since its launch towards the end of 2024, ai16Z has experienced a rollercoaster ride an all-time high and then falling drastically despite the hype around AI agents. On the other hand, iDEGEN is a relatively newer crypto AI project, currently in its presale stage. Its approach to memecoins by leveraging AI technology has captured the attention of many crypto enthusiasts. Will the ai16Z price get back above $2 soon? After reaching an all-time high of $2.47 just 22 days ago, the ai16Z token has since experienced a sharp decline, showing a 66.8% drop from it...

Taiwan banks may issue NTD-pegged stablecoins. FSC to propose a law in June 2025 for oversight. Stability and regulation will be key for crypto integration. In a groundbreaking move towards integrating cryptocurrency with traditional finance, Taiwan’s Financial Supervisory Commission (FSC) is set to propose legislation that would enable local banks to issue stablecoins pegged to the New Taiwan Dollar (NTD). This draft law, expected to be introduced in June 2025, aims to bridge the divide between fiat and digital currencies, enhancing investor access to the burgeoning crypto market. According to recent reports from Money UDN , the FSC’s initiative is part of a broader framework under the “VASP Registration Regulations” which came into effect in January 2025. This framework is designed to regulate virtual asset service providers, ensuring they meet stringent anti-money laundering protocols and submit regular risk assessments. The proposal for banks to issue stablecoins is seen a...

The PENGU price is rising as the community readies for the launch of the Abstract network. Pengu Penguin NFT sales are up 80%, despite a broader NFT market dip. Technical analysis hints at correction for PENGU soon. Pudgy Penguins token, PENGU price is once again in the spotlight after registering an 8.7% on January 23, reaching an intraday high of $0.0264, making it one of the standout performers among the top 100 cryptocurrencies by market cap. This rally has propelled PENGU’s market capitalization beyond $1.6 billion, with trading volumes jumping by 20% to over $411 million. The anticipation surrounding the launch ofthe  Abstract network The primary catalyst for the PENGU price surge is the community’s anticipation surrounding the launch of Abstract, an Ethereum layer-2 network developed by Igloo Inc., the parent company behind PENGU and the Pudgy Penguins NFT collection. There’s a palpable buzz within the crypto community, fueled by reports that PENGU holders could be...

Key takeaways iDEGEN’s presale has entered a new stage, with the token now going for $0.0133. The presale has raised over $17.5 million and is set to end in 33 days. What is iDEGEN? Solana memecoins are currently gaining traction in the crypto space thanks to the recent launch of $TRUMP on the blockchain. After generating thousands of percentages in ROI for early investors, all focus is now on upcoming memecoins on the Solana network.  iDEGEN could be the next big memecoin on the Solana blockchain, and the amount raised in presale points to that possibility. This project merges the AI and memecoin ecosystems, ensuring investors take advantage of both.  It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool....

XRP and Solana prices rose as the market reacted to reports the CME planned XRP and SOL futures contracts. Both altcoins traded to above key levels, with XRP above $3.26 and SOL above $269. The prices of XRP and Solana rose slightly on Wednesday following news that institution-focused trading platform Chicago Mercantile Exchange will be listing XRP and SOL futures contracts. XRP had jumped 3% to above $3.26 and Solana’s SOL surged by more than 6% to hit highs of $2.70 as at the time of writing. The altcoins were likely trading higher as investors reacted to news that the CME would be adding both XRP futures and SOL futures contracts on February 10, 2025. Notably, the official CME website had not published the details of the said futures contracts. Bloomberg ETF analyst James Seyffart shared this via X. https://twitter.com/JSeyff/status/1882154205202567623 Bloomberg senior ETF analyst Eric Balchunas also shared a post on X noting CME’s plans to launch he futures products.  ...

Court overturns Tornado Cash sanctions. The court’s decision limits OFAC’s power on tech control. TORN price jumps 170% to $21.34 post-ruling. In a landmark decision that could reshape the regulatory landscape for cryptocurrency, the Texas court has overturned sanctions on Tornado Cash, leading to a dramatic 170% surge in the price of its native token, TORN, which now trades at $21.34. This ruling by the Fifth Circuit Court of Appeals marks a significant victory for privacy in the crypto world, emphasizing the limitations of governmental oversight on technology. The Tornado Cash controversy The controversy began when the Office of Foreign Assets Control (OFAC) placed Tornado Cash on its blacklist , accusing the platform of facilitating money laundering for cybercriminals, including those linked to North Korea. The sanctions effectively barred US entities from interacting with Tornado Cash, targeting 38 Ethereum smart contract addresses associated with the service. However, t...